Stock market analysts have maintained 'buy' rating on Mundra Port and Special Economic Zone Ltd with an intraday target of Rs 573.

According to them, interested traders can purchase the stock with a strict stop loss of Rs 564.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 582.

Shares of the company, on Friday (Dec 11), closed at Rs 583.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 704.90 and a low of Rs 274 on BSE.

Mundra Port & SEZ Ltd announced that a JV signed between Alstom and Bharat Forge will establish an equipment making plant at its special economic zone.

The Rs 24 billion project would have total capacity to generate 5,000 MW high-efficiency power making equipment.

There are tax advantages for companies establishing in a SEZ.

The JV would make use of Mundra port to move equipment established in the plant.

Two Mega Thermal Power facilities with overall capacity above 8,600 MW are being made in Mundra Region. The plants need high volumes of imported coal, up to 40 MTPA.

Mundra Port and SEZ (MPSEZL) has been awarded LOI by the Hazira Port for expansion of non LNG port facilities at Hazira.

MPSEZL has entered into a contract with Maruti-Suzuki that will comprise export of cars out of the country from Mundra Port.